There are still two ways you can choose
a new federal loan servicer, though.
Not exact matches
To ask questions after you have submitted your
Federal Direct Consolidation
Loan Application and Promissory Note, contact the
servicer for your
new Direct Consolidation
Loan.
Borrowers apply for
federal student
loan consolidation, where they are able to select the
federal loans they wish to consolidate, the
servicer of the
new loan, and the repayment plan that best fits their financial needs.
The Department of Education is nearing completion of its transfer of millions of
federal student
loans to a
new set of
loan servicers, but the process did not come without a few glitches.
If a single
servicer were to receive all
new federal student
loan contracts moving forward, then that means that there's no incentive for them to provide decent customer service to borrowers (because you have nowhere to turn, unless you want to refinance your
federal student
loans in the private
loan marketplace).
to Education Secretary DeVos expressing concern about the Department of Education's (ED)
new plans for assessing the quality of
federal student
loan servicers and criticizing ED's decision to move to a single student
loan servicer.
Lawmakers sent a letter to Education Secretary DeVos expressing concern about the Department of Education's (ED)
new plans for assessing the quality of
federal student
loan servicers and criticizing ED's decision to move to a single student
loan servicer.
After I submitted the PSLF Employment Certification Form, I was notified that I now have a
new servicer for my
federal student
loans.
Since the passage of a
new law that will give
loan servicers collecting payments on
federal student
loan debt the right to «robocall» more debtors, there's been an onslaught of news stories decrying the potential for abuse.
To ask questions after you have submitted your
Federal Direct Consolidation
Loan Application and Promissory Note, contact the
servicer for your
new Direct Consolidation
Loan.
I just recently consolidated my
federal loans and was sent an email that sallie mae will no longer be handling them and that FedLoan will be my
new servicer.
Allow all
Federal Direct
Loan servicers the ability to service consolidation
loans, so that borrowers do not need to transition to a
new servicer at this crucial point in the repayment process.
As I contemplate switching jobs (I currently work for the
federal government, but would consider a role at a nonprofit), is there a way to get my
loan servicer to «pre-certify» a potential
new employer before I accept the job?
When you consolidate your
federal loans, you'll choose a
new loan servicer.
In November 2013, the Department provided initial information about plans to transition the servicing of Perkins
Loans assigned to the Department to a
new servicer, ECSI Federal Perkins Loan Servicer
servicer, ECSI
Federal Perkins
Loan ServicerServicer (ECSI).
To do so, you will need to either refinance your student
loans to a private student
loan company (the lender then becomes your
new servicer), or select a
new servicer when you consolidate your
federal student
loans.
A survey from 2015 revealed unsettling news about
federal student
loan servicers that ties into the planned changes involving the
new customer feedback system.
The National Association of Realtors ® applauds the
Federal Housing Finance Agency for issuing
new guidance requiring
servicers of Fannie Mae and Freddie Mac
loans to speed responses to short sale requests.